The Professionals’ Choice for Real Estate Jobs
  1. Home
  2. Find Jobs
  3. Associate, Asset Management

Associate, Asset Management

Salary
Competitive
Employment
Full Time
Real Estate Field
Location
San Francisco
 CA
Postal Code
94111
Country
United States

This job is no longer active.

Description


ASSOCIATE, Asset Management

San Francisco, CA

 

Stockbridge is an established real estate investment firm with over $16.4 billion in AUM across a wide range of investment strategies and asset types across the U.S with offices in San Francisco, Atlanta, and Chicago.

This role is part of the Core and Value-Add (“CVA”) platform, which includes both funds and separate accounts with asset strategies ranging from core to value-add to ground-up development. The Associate will work on a collaborative team directly supporting Vice President(s) covering major West Coast regions. The Associate will work closely with the Asset and Portfolio Management Teams and occasionally with the Acquisition Team.  There is a lot of room for growth and development for the right candidate!  This is both a qualitative and quantitative position, strong math and written skills are necessary. Office, industrial and retail property types will be analyzed and monitored. Primary job responsibilities include, but are not limited to the following:

  • Prepare, update and maintain financial models in Excel and/or Argus for existing assets and portfolios including (1) analysis of leasing, financing, budgeting, joint venture and hold/sell decisions and (2) internal rate of returns, time-weighted returns, sensitivity tables, property valuations, cash-on-cash returns and various other return metrics.
  • Take the lead on the process and review of asset-level annual budgets and portfolio-level annual strategic business plans for clients.
  • Prepare preliminary internal asset valuations, using a discounted cash flow and/or direct capitalization approach, for Investment Committee review and participate in internal quarterly valuation meetings.
  • Coordinate asset appraisal process, review quarterly appraisals for accuracy and provide feedback to appraiser.
  • Analyze lease transactions and assist in the preparation/negotiations of lease agreements including coordinating with legal counsel and leasing brokers.
  • Review quarterly reports including rent rolls, returns, operating statements, legal matters and capital expenditures.
  • Interface with sales brokers, property managers, portfolio Associates, lenders, operations/accounting teams, legal counsel, clients and other market contacts to obtain information pertinent to existing assets as well as pursuit and disposition efforts.
  • Assist in disposition process, including preparation of return metrics and sales rational for Investment Committee review, drafting and presenting portions of the Investment Committee memo, interfacing with sales brokers, and overseeing the flow of due diligence information and coordinating closing/post-closing efforts.
  • Help facilitate lender compliance with asset specific requirements such as obtaining approvals for lease agreements, etc.
  • Work with the Accounting Team to ensure that operating results and other reporting requirements are completed accurately and on time by operating partners.
  • Train and mentor Asset Management Associates.

 

Skills Competencies:

  • All candidates must have a BA or BS degree from an accredited institution, preferably in real estate, finance, business, accounting, economics or related area. Must have strong academic credentials.
  • Candidates should have three to five years of real estate industry experience, with a minimum of two years working specifically on corporate real estate assets.
  • Analytical problem solving skills and capable to perform detailed analyses to make well-reasoned and strong recommendations.
  • Computer proficiency with a working knowledge of Microsoft Excel, PowerPoint, Word, and Argus.
  • Experience with financial modeling with an understanding of basic finance concepts such as NOI returns, cash flow returns, internal rate of return, time-weighted returns and present value/discounted cash flows.
  • Strong writing skills as well as verbal interpersonal/communication skills.
  • Organizational skills and attention to detail, with the ability to prioritize and manage competing deadlines.
  • Competency to work with all levels of management and personnel on critical projects.
  • Ability to function both in a team-oriented setting and independently.
  • Strong sense of personal motivation, responsibility, and entrepreneurship.

 

Travel:

Some travel will be required for periodic asset management related property visits and select disposition due diligence.

 
 

Experience


2+ to 5 years


This job is no longer active.

Asset / Portfolio Management Retail San Francisco Full Time CA Asset Management, Financial Analysis, Investment Management Senior Director, Investment Management other